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View all search resultsDespite the general pullback trend in sustainable finance and early signs of saturation, more flexible instruments like SLLs present better resilience as the broader energy transition investment landscape moves toward selectivity, and this juncture of strategic adjustment is where Indonesian banks come in.
Indonesia has launched its first bullion banks by licensing Bank Syariah Indonesia (BSI) and state-owned pawn Pegadaian to provide bullion banking services. This initiative aims to strengthen the gold downstream sector and maximize economic benefits from processing, trading and financing, helping gold-producer Indonesia retain more value domestically.
Two state-owned enterprises (SOEs) will be its first and major players, namely state-owned pawnbroker PT Pegadaian, a subsidiary of state-owned lender Bank Rakyat Indonesia (BRI), and Bank Syariah Indonesia (BSI), the country’s largest sharia bank.
The energy and mineral resources minister has said the government will not intervene in lowering the cost of financing and that downstream projects could bring a much earlier break-even point and better returns than other projects.
US President-elect Donald Trump's transition team is exploring ways to significantly reduce, merge, or even eliminate the top bank regulators in Washington, the Wall Street Journal reported on Thursday citing people familiar with the matter.
A top adviser to President Prabowo Subianto says the government will issue a presidential regulation to cancel the debts of some 6 million borrowers to allow them to obtain loans from banks instead of loan sharks or peer-to-peer lending platforms.
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